Sierra Corporation had sales revenue of $5,850,000 and investment revenue of $227,000 for the year ended December 31, 2023. Other items pertaining to 2023 were as follows:

Sierra had 100,000 common shares outstanding throughout the year. Prepare a single-step income statement showing expenses by nature. Include calculation of EPS.

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Cost of goods sold Salaries and wages expense (sales) Advertising expense Entertainment expense Selling expenses Salaries and wages expense (administrative) Rent expense Utilities expense Administrative expenses Increase in value of company reputation Unrealized gain on value of patents Interest expense Income tax expense $4,610,000 368,000 126,000 78,000 572,000 300,000 101,000 44,000 445,000 74,000 36,000 160,000 84,000